ETH/USD Falling Broadening Wedge/ 4 Hour ChartHello people!
ETH/USD Potential Falling Broadening Wedge in the 4 hour chart. is a Very Bullish Pattern.
Even through this flash crash which has pulled all towards the bottom I still think that the BULL RUN is not over yet. Here are also 2 support lines below us which have always held well as support or resistance. I will again increase my trade on my lines, since I had a limit order at 1980$. If the breakout on this Falling Broadning Wedge results I will increase my trade after the confirmation.
The last ETH breakout we have also traded for a long time from 1550$ and at the breakout point at 1800$ we have increased our trade and have gone up to the target and have realized there above 80% and let the rest run with SL in profit.
Am curious what will happen in the crypto market this week.
Have fun with the trade and great profits.
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Ethidea
Horizontals and Breakouts: Using ETH as an ExampleThis is an education based on the LTCUSD chart that I posted today.
I have also linked my previous education idea down below where I want to drill down one key fundamental: Participation matters, price DOES NOT. DO NOT get emotional seeing price (low or high), look at the participants to see how many people are buying/selling at these levels. Price DOES NOT always imply that there is participation. And Prices at bubble tops NEVER imply participation. Most people have bought/sold before these bubble top levels arrive.
Here I show another example where the VPVR (Volume profiles at various price levels) predicted the correct line of resistance. Most charters DO NOT understand this. Patterns lie all the time. A lot of charters on Tradingview and REAL traders use the price tops/ ATHs to draw trend lines. PLEASE do not do this if there isnt meaningful participation/volume at these levels. Hope this helps clarify some arguments that people continue to have on where to draw trend lines from and if you are correctly capturing the wicks.
Result: ETH while BOOM above 740 USD while most traders kept drawing harmonics and all sorts of short term pattern crap.
Dont believe me? I have linked the idea to LTCUSD vs BTCUSD comparison down below. BTC breakout was at 12.4k when most people thought we will see resistance as we approach 20k. BTC blasted through all these levels.
New ATH for ETH??!ETH has been performing very solid over the last few days, I'm looking for a close tonight above the 0.7 FIB level. If we do secure this level at daily close i think we will start to see a nice run upto our ATH and beyond! Even if we don't hold this level today my opinion stays the same just on a longer TF, also BTC is a factor. The MACD looks very good we flipped bullish recently and are begging to spread out! I think we are going to see a uptrend continuation on the RSI, we aren't quite in oversold areas yet and have room to push higher. Aswell the Stoch RSI is shooting up approaching the oversold zone but we could definitely see it hang around up there for a couple days. I expect April to be a strong month for crypto in general after a shaky march, we are about to enter historically one of the best months for BTC!
CountOnCrypto - Ethereum Forecast - 24/02/2021Tonight's trade analysis features a long term trendline starting on the 28th of December at 08:00 . This level was a support-turned-resistance after the previous 25% pullback, much similar to the one we saw in early January of this year in terms of its percentage and general effect on the sentiment of the market.
People are seemingly very shaken by the price action, especially those new to crypto! Not me though, I watched closely and saw many similarities to the time mentioned above. Using the LazyBear wave trend oscillator I am able to more confidently enter a long position, I will be taking profit between here and the 1.618 Fibonacci retracement level.
The wolfpack indicator may help you understand and give more confidence to your entries, I have included it in this analysis.
This will of course be invalidated following a drop below the green trendline I have drawn, I would be shocked if we went lower but I would also be happy at the opportunity to buy Ethereum for a price I consider cheap! Please do your own research before trading, use risk management and be sure to not overleverage yourself, you will lose money!
CountOnCrypto - Ethereum Forecast - 05/02/2021A simpler idea for Ethereum today, I am looking for it to either breakout bullish/ bearish.
I used the SlingShot indicator with the 30m 50 SMA to confirm bullish strength to start building up a long position between here and the lower Fibonacci levels.
If we break bullish then I would expect us to near towards $1920-$1970 toward my 1.618 Fibonacci level.
If we break to the downside of this formation I would expect us to have a chance to bounce off the .786 Fibonacci retracement level. We could then see a further pullback to the .618 and .5 accordingly.
I would also be happy with us to consolidate sideways until further testing these Fibonacci levels, some less volatile price action is healthy.
Please make sure to trade responsibly with risk management and a stop loss, do your own research before trading.
Thank-you for all the likes, comments and follows, expect to see more ideas like this one!
ETH: Diagonal pattern for the target of $ 800 The 12-hour chart indicates, how to count waves, where the wave iii from sub-wave 3 has ended, to get the confirmation the price needs to pass the $ 1047 range. In case this level is crossed, the pattern will be confirmed, and again we can expect the targets of $ 800- $ 900 for this currency.
In the 240-minute chart, the Divergence is also quite evident.
ETHUSD Reaching Higher LOWS - Verge of BREAKOUTIn the last two days, ETHUSD has made significant higher lows to reach over 600$ which is a very refreshing time for ETH HODLers and Traders. While comparing to the BITBAY:BTCUSD reaching it's All time high, ETH still has a long way to go to break it's ATH from 2-3 yearsa ago.
We had a similar breakout on Nov 18th-19th after a good consolidation. Currently the charts indicate a converging candle stick chart as the range reduces into a squeeze.
Ethereum Trading Plan on 2hr - Long for nowEthereum has become bullish on 2hr chart with price above the cloud and a potential retest of 369-375 zone quite likely, which is a thin resistance zone and if it successfully breaches it on a candle close, the stronger resistance zone of 392-400 will be tested.
With Momentum, Ethereum will gain the escape velocity to break out into massive range area to see 475-500 zone.
These are visually shown on chart. The near strong support area is 340-350 zone which could become a thin support if price ranges in this zone for long and if it breaks below (also Kumo zone for bear moves), a potential retest of strong support zone of 305-320.
For now, its a long. Progress will be monitored.
ETHUSD 1W-TIMEFRAME ANALYSIS 💡ETHUSD 1W-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for Ethereum
My idea is that ETH will continue to downtrend
Support is between 250 and 230 It would be good to test it, and test of downtrend
The bulls defend these areas strongly
From there we will start the bull market 💪💪💪
I hope my idea is clear
Support me by like and share
Good luck💰💯
ETHUSD 4H-TIMEFRAME ANALYSISETHUSD 4H-TIMEFRAME ANALYSIS
ETH broke the support at 355 with high liquidity
Now it is back to test the area that is now resistance
It needs high liquidity to overcome the resistance
My analysis is that ETH will fail
He will have to return to test the temporary resistance at 310
I will update and share other ideas with the upcoming CRYPTO MARKETS movements
Good luck
ETHUSD New Limit Order Long and Stop Loss PlacementsJust sharing where i will be placing my new ETHUSD limit order long based on the uptrending channel support and resistance points and how i came to these decisions. I am placing my trades based on being bullish cause i believe we saw the bottom at 115+.
Nothing is 100% and anything can happen so it is important to consider carefully where to place stop loss orders to ensure there is some important risk management. There are many factors you can consider and here i have stated my reasons for deciding on these price points for my ETHUSD trade.
I also have to consider the fact that a Cup and Handle Pattern could play out for ETHUSD on daily chart (refer to link). And for this pattern to actually play out, according to my calculations, the price cannot correct lower than 166 for this pattern to be still be valid and play out. By the way, if you are curious, we are currently right at the top of the Cup on the daily chart. The next thing that should take place is a slight correction to form the handle. But who knows, the price may just keep uptrending after that rounded bottom pattern at 115+ area. When BTC hit the bottom at 3100+, there was a rounded bottom but the handle was never formed, it just kept uptrending from the top of the cup formation.
Hope it gives the newbies some additional information on what factors we can consider before deciding on the price points for our trades and stop losses.
This is not financial advice. Just sharing some things that I think about and hope it can help you too. Trade only with what you can afford to lose and divide your capital into many small portions as trading, especially margin trading is very risky. Always trade with care and never ever FOMO intp trades when you see sudden price movements.
I learnt that the hard way when i first started off.
Good luck!
ETHUSD Bullish Cross Forming - Long-term Uptrend SignalWe missed the bullish cross on the 50EMA and 100MA the last time it was close to happening in November last year (see link) cause the price got bearish causing the lines to move away from each other just as they were about to cross. This same scenario is happening again.
We are getting close to the bullish cross happening again. To know how relevant this is, check the chart shown in the link for a short discussion on this long-term uptrend bullish scenario possibility. Wait for the cross to be confirmed before entering any trade.
Just an observation. Trade with care, nothing is 100%. Good luck!
ETHUSD Ethereum LONG 1 HR ChartHello to all watching my charts
Nothing really new to tell you here in this pair.
Its still LONG as you check the purple longchannel of my trading system
What is to mention, that in the short timeframe (blue lines) the power has little
bit lost and the angel in not longer such steep as it has been in the days before
(purple lines )
but in my eyes that just normal after such a rally of nearly 15%.
So be little bit patience and i do hope you are in a long position.
If something will change massive i let you know.
-
If you want to support my work and my charts, please be so kind and like them...
Good trades
Renkotrade
ETHUSD LONG 1HR ChartHello to all watching my charts.
I am starting today a check of Ethereum
and will bring you more Crypto Charts the next time
Why ?
Cause the possibility of trading these pairs in my oppionion has been
dramatically changed to much smaller spreads and daytrading
if wanted , is now possible with positive results.
So lets come back to ETH:
What do we see ?
Its easy:
We have a nice and strong LONG channel
in which the pair is running up.
So run with that in Long diretion so long as the pair continue
in that channel.
I will update you
Good tardes
Renkotrade
ETH. test $ 176 and growth to $ 300.After the start of the correction, ETH sellers have formed a clear falling channel in which the price is traded from January 2018. In September, sellers tested the bottom trend line of the channel. This test took place on large volumes:
After such volumes, consolidation began and there is a high probability of breaking this consolidation up. However, the last candles show that sellers still have the power:
now the price is approaching the middle of the falling channel. Also, the end of November will end the consolidation triangle, in which the price is traded on September 10.
So now there are two possible options:
1) Buyers are gaining ground in this consolidation and the first goal after breaking the triangle upwards is $ 300. At this price a large amount of liquidity:
2) sellers try the consolidation triangle down with the first goal of $ 176.
On wave analysis, I see that in the price of $ 176 a wave Y = 0.618 * W:
wave c in the wave Y = 0.786 * a.
therefore, I find the level 176 strong and after the break of the consolidation triangle down there is a scenario of a sharp rise to $ 300.
Also, the top line of the incident channel is at $ 300.
Given all this, I expect a breakdown of the consolidation triangle. With breakdown up, growth should extend to $ 300
When breakdown down, I will see what will be the situation near the level of $ 176 and whether there is a chance to start growth.
$ETH WILL BE Rise Again! But When?1. Bear market has surpress a lot of assets in this game, including Ethereum
2. ETH is one the most scalable until now, it's hard to replace them unless they are not fixing their problem
3. Most ICO selling their ETH, that makes other additional down ward pushes for ETH
4. Some of token on the Ethereum network changing lane and make their own network. To name a few: Tron, POA, etc
5. ETH has some issues back then that proven was a fatal mistake. ETH making progress towards it as they starting to develop ETH V.2
6. ETH actually really having quite issues, the original ETH is then called as Ethereum Classic
7. Chart is so oversold at the moment, but due to BTC volatility, still wanted to see a few downward to 190-ish range. Very unlikely and very likely. Just watch the market. It should make a double bottom as confirmation... but yeah, well, market bow to nobody, unless you have big cash.
8. Up there is my opinion towards ETH market condition until the next bull run, it could be any month from now on to mid 2019.
9. Support me by sharing this idea, giving your likes, comment below and follow me
Trade safe!